Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts


Forex Technical Analysis Forecast 17.12.2021

Posted: 16 Dec 2021 11:51 PM PST

EURUSD, Euro vs US DollarEURUSD has completed the ascending impulse at 1.1356. Possibly, today the pair may correct towards 1.1259. After that, the instrument may start a new growth to reach 1.1396 and then resume trading downwards with the target at 1.1288.GBPUSD, Great Britain Pound vs US DollarAfter finishing the ascending wave at 1.3373, GBPUSD is correcting towards 1.3272. Later, the market may resume growing to reach 1.3384 and then resume trading downwards with the target at 1.3270.USDRUB, US Dollar vs Russian RubleUSDRUB has completed another descending structure at 73.35; right now, it is growing towards 73.75 and mat later fall to reach 72.94. After that, the instrument may correct towards 73.73 and then start a new decline with the first target at 72.45.USDJPY, US Dollar vs Japanese YenAfter completing the correctional wave at 113.45, USDJPY is forming another ascending structure to break 113.95 and may later continue trading upwards with the target at 114.44.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending wave at 0.9292; right now, it is correcting towards 0.9183. Later, the market may form one more ascending structure with the target at 0.9238.AUDUSD, Australian Dollar vs US DollarAUDUSD has competed the ascending structure at 0.7222 along with the correction towards 0.7155. Later, the market may start another decline to reach 0.7130 and then resume trading upwards with the target at 0.7230.BRENTBrent is still correcting towards 72.39 and may...

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